Sleepwear and Loungewear Market by Product, Distribution Channel, and Geography - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR40816
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The sleepwear and loungewear market has the potential to grow by USD 13.36 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 5.96%.

This sleepwear and loungewear market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (sleepwear and loungewear), distribution channel (offline and online), and geography (APAC, Europe, North America, South America, and MEA). The sleepwear and loungewear market report also offer information on several market vendors, including American Eagle Outfitters Inc., Authentic Brands Group LLC, Groupe Chantelle, H & M Hennes & Mauritz AB, Hanesbrands Inc., L Brands Inc., MASH Holdings Co. Ltd., PVH Corp., Ralph Lauren Corp., and Wacoal Holdings Corp. among others.

What will the Sleepwear and Loungewear Market Size be in 2021?

Sleepwear-And-Loungewear-Market-Market-Size-2020-2025

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Sleepwear and Loungewear Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increased demand for designer and premium sleepwear and loungewear is notably driving the sleepwear and loungewear market growth, although factors such as the presence of counterfeit products may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the sleepwear and loungewear industry get your FREE report sample now.

  • The evolving customers’ preferences, coupled with their increasing purchasing power and enhancing fashion consciousness, is increasing the demand for designer and premium sleepwear and loungewear.
  • With the increasing demand for premium sleepwear and loungewear, vendors are increasingly investing in product innovations and are focusing on using sustainable raw materials and technologies that enhance the performance of products, and their appearance and design.
  • Products with advanced features and innovative designs are priced higher than regular sleepwear and loungewear, which raises product premiumization along with product line extension. 
  • Sleepwear and loungewear are manufactured from durable materials such as high-grade fabrics that are extracted from wood, which leads to ecological imbalance.
  • To reduce environmental waste and deforestation, vendors are taking various initiatives and are joining several sustainable fashion industry associations to adopt sustainable manufacturing processes.
  • The adoption of sustainable manufacturing by vendors, one of the vital sleepwear and loungewear market trends, will ensure the manufacture of products using eco-friendly methods.

This sleepwear and loungewear market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Sleepwear and Loungewear Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • American Eagle Outfitters Inc.
  • Authentic Brands Group LLC
  • Groupe Chantelle
  • H & M Hennes & Mauritz AB
  • Hanesbrands Inc.
  • L Brands Inc.
  • MASH Holdings Co. Ltd.
  • PVH Corp.
  • Ralph Lauren Corp.
  • Wacoal Holdings Corp.

 

The sleepwear and loungewear market is fragmented and the vendors are deploying growth strategies such as offering customized apparel and selling products in bulk through e-auctioning to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the sleepwear and loungewear market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Sleepwear and Loungewear Market?

Sleepwear-And-Loungewear-Market-Market-Share-by-Region-2020-2025

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44% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for sleepwear and loungewear in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The increased introduction of global brands and the adoption of premium sleepwear and loungewear will facilitate the sleepwear and loungewear market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Product Segments in the Sleepwear and Loungewear Market?

Sleepwear-And-Loungewear-Market-Market-Share-by-Product-2020-2025

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The sleepwear and loungewear market share growth by the sleepwear segment will be significant during the forecast period. The growing demand for new designs and trends among young consumers aged between18 and 30 years is driving the growth of the global market for sleepwear.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the sleepwear and loungewear market size.

 

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What are the Key Factors Covered in this Sleepwear and Loungewear Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive sleepwear and loungewear market growth during the next five years
  • Precise estimation of the sleepwear and loungewear market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the sleepwear and loungewear industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of sleepwear and loungewear market vendors

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Sleepwear And Loungewear Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 6%

Market growth 2021-2025

$ 13.36 billion

Market structure

Fragmented

YoY growth (%)

5.28

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 44%

Key consumer countries

US, China, India, Germany, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Authentic Brands Group LLC, Groupe Chantelle, H & M Hennes & Mauritz AB, Hanesbrands Inc., L Brands Inc., PVH Corp., Ralph Lauren Corp., MASH Holdings Co. Ltd., American Eagle Outfitters Inc., and Wacoal Holdings Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The sleepwear and loungewear market growth will increase by $13.36 billion during 2020-2025.
The sleepwear and loungewear market is expected to grow at a CAGR of 5.96% during 2020-2025.
Technavio has segmented the sleepwear and loungewear market by product (Sleepwear and Loungewear) ,distribution channel (Offline and Online) , and geographic (APAC, Europe, North America, South America, and MEA).
American Eagle Outfitters Inc., Authentic Brands Group LLC, Groupe Chantelle, H & M Hennes & Mauritz AB, Hanesbrands Inc., L Brands Inc., MASH Holdings Co. Ltd., PVH Corp., Ralph Lauren Corp., Wacoal Holdings Corp. are a few of the key vendors in the sleepwear and loungewear market.
APAC will register the highest growth rate of 43.79% among the other regions. Therefore, the sleepwear and loungewear market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the sleepwear and loungewear market growth are:
  • Increased demand for designer and premium sleepwear and loungewear
  • Rise in adoption of sustainable manufacturing
The sleepwear and loungewear market vendors should focus on grabbing business opportunities from the sleepwear segment as it accounted for the largest market share in the base year.
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